The criminal law needs to be improved to meet new forms of crime, but to denounce financial devices which are useful and legitimate because use is made of them for fraud, is ridiculous and unworthy of the age in which…

Quote by William Graham Sumner

Topics: William Graham Sumner Quotes

A drunkard in the gutter is just where he ought to be, according to the...

A drunkard in the gutter is just where he ought to be, according to the...

He who would be well taken care of must take care of himself.

He who would be well taken care of must take care of himself.

It is the tendency of the social burdens to crush out the middle class, and...

It is the tendency of the social burdens to crush out the middle class, and...

Then, again, the ability to organize and conduct industrial, commercial, or financial enterprises is rare;...

Then, again, the ability to organize and conduct industrial, commercial, or financial enterprises is rare;...

Any one who believes that any great enterprise of an industrial character can be started...

Any one who believes that any great enterprise of an industrial character can be started...

The forgotten man... He works, he votes, generally he prays, but his chief business in...

The forgotten man... He works, he votes, generally he prays, but his chief business in...

What we prepare for is what we shall get.

What we prepare for is what we shall get.

Undoubtedly there are, in connection with each of these things, cases of fraud, swindling, and...

Undoubtedly there are, in connection with each of these things, cases of fraud, swindling, and...

All history is only one long story to this effect: men have struggled for power...

All history is only one long story to this effect: men have struggled for power...

We throw all our attention on the utterly idle question whether A has done as...

We throw all our attention on the utterly idle question whether A has done as...

Perhaps they do not recognize themselves, for a rich man is even harder to define...

Perhaps they do not recognize themselves, for a rich man is even harder to define...

Men never cling to their dreams with such tenacity as at the moment when they...

Men never cling to their dreams with such tenacity as at the moment when they...

I have before me a newspaper slip on which a writer expresses the opinion that...

I have before me a newspaper slip on which a writer expresses the opinion that...

Men of routine or men who can do what they are told are not hard...

Men of routine or men who can do what they are told are not hard...

Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing...

Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing...

The aggregation of large fortunes is not at all a thing to be regretted.

The aggregation of large fortunes is not at all a thing to be regretted.

I never have known a man of ordinary common-sense who did not urge upon his...

I never have known a man of ordinary common-sense who did not urge upon his...

If I want to be free from any other man's dictation, I must understand that...

If I want to be free from any other man's dictation, I must understand that...

The waste of capital, in proportion to the total capital, in this country between 1800...

The waste of capital, in proportion to the total capital, in this country between 1800...

One thing must be granted to the rich: they are goodnatured.

One thing must be granted to the rich: they are goodnatured.